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Top related persons:
Shane Phillips - 1 Phillips - 1 Gavin Newsom - 1 — - 1 Ned Resnikoff - 1 Chris Elmendorf - 1 State Sen - 1 Scott Wiener - 1
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Service - 2 UC Berkeley's Terner - 2 Housing Innovation - 2 Business - 1 UCLA - 1 California - 1 UC Davis - 1 UC Berkeley - 1

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2 mentions found


☆ A policy that's supposed to create more affordable housing often backfires, leaving cities with higher home prices and rents. There's a way to fix that.
  + stars: | 2024-05-04 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +5 min
A key policy designed to create affordable housing for low-income people has long been scrutinized for being generally ineffective. So a policy designed to create more affordable housing can actually result in fewer homes and higher housing costs. Related storiesPhillips wanted to determine whether there's an optimal inclusionary zoning policy and if not, what the policy's tradeoffs look like. This involves finding a balance between creating more deed-restricted affordable housing and boosting the overall supply of housing. He concluded that the value of the government subsidy for building affordable housing needs to outweigh its costs.
Persons: Shane Phillips, Phillips Organizations: Service, Business, UCLA, UC Berkeley's Terner, Housing Innovation Locations: American, Los Angeles
☆ California just legalized affordable housing in church parking lots and coastal cities — and it could help solve the state's crisis
  + stars: | 2023-10-22 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +9 min
Many housing advocates are also disappointed that Newsom vetoed a bill — AB 309 — to create "social housing" on government-owned land. Resnikoff, whose organization endorsed the effort, noted that the state's current fiscal conditions make it very hard to pass housing policy that requires funding. Advocates are quick to point out that California housing policy has impacts far beyond its borders. How effectively California deals with its housing affordability issues also directly impacts other states' housing markets. The migration of California residents to places from Texas to Oregon has put additional pressure on those states to provide even more housing.
Persons: Gavin Newsom, —, Ned Resnikoff, Chris Elmendorf, State Sen, Scott Wiener, Elmendorf, San Francisco Mayor London Breed, Breed, that's, Resnikoff, Brittany Murray, Newsom, Alex Lee, Lee, Eric Adams Organizations: Service, California, UC Davis, UC Berkeley, State, San Francisco Mayor London, Bloomberg, UC Berkeley's Terner, Housing Innovation, Habitat, Getty, New York City Locations: California, Francisco, San Francisco, Washington, Long, Greater Los Angeles, Vienna, Austria, Singapore, Central, Southeast Asia, New, Texas, Oregon
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